Updated Market Data

Albuquerque Metro Housing Market Report

A plain-numbers look at what homes are actually selling for, how fast, and what it means if you're buying or selling in Albuquerque, Rio Rancho, or the surrounding metro.

Last Updated September 6, 2026  ·  Compiled by James Shive, REALTOR®
~2.7
Months of Housing Supply
$375–385K
Median Closing Price
~100%
Median Sale-to-List Ratio
The Bottom Line
Albuquerque and Rio Rancho are still a seller's market as of September 2026, with about 2.7 months of housing supply — well under the 5–6 months that typically signals a shift to buyers. Prices have held flat since spring in the $375,000–$385,000 median range, but days on market are lengthening and over half of active listings have already taken a price cut. Correct pricing matters more now than it did in May.
Market Direction

Is Albuquerque a Buyer's Market or a Seller's Market Right Now?

Albuquerque and Rio Rancho remain a seller's market. Current active inventory equals roughly 2.7 months of supply at the recent sales pace — well below the 5–6 months of supply that typically marks a balanced or buyer-favoring market. Homes priced at market value are still closing at close to full asking price.

Pricing

What Is the Median Home Price in Albuquerque and Rio Rancho?

Median closing prices held in a tight range through the summer of 2026: $365,000 in March, rising to $385,000 by June, and settling around $383,500–$385,000 through August. Median price per square foot stayed steady between $215 and $220 over the same period.

Six straight months of closed sales, and the median price never moved more than about $20,000 in either direction — this is a plateau, not a decline.

Price Direction

Are Home Prices Dropping in Albuquerque?

No. Based on closed MLS sales from March through August 2026, prices have not fallen — they've held essentially flat. The median sale-to-list ratio stayed at approximately 100% every month, meaning correctly priced homes are still selling at or very near their asking price.

Speed of Sale

How Long Does It Take to Sell a Home Right Now?

Median days on market for closed sales was 13 days in May and June 2026, then lengthened to 16 days in July and 19 days in August. That's a gradual cooling from the spring's fast pace, not a stall.

Price Range
Median Days on Market
Share of Sales
Under $300K
11 days
21%
$300K–$400K
15 days
35%
$400K–$500K
18.5 days
20%
$500K–$750K
22 days
17%
$750K+
9–21 days
7%
Pricing Discipline

How Many Home Sellers Are Cutting Their Asking Price?

As of early September 2026, just over 50% of active listings in the metro had already taken at least one price reduction, with a median cut of about 4.2% off the original list price. That's a sharp contrast with sale-to-list ratios still hovering near 100% at closing — homes priced accurately from day one are still getting full value, while overpriced listings are being corrected faster than they were in spring.

For Sellers

What Does This Mean If I'm Thinking About Selling?

Inventory is still tight enough to favor sellers, but the margin for pricing error has narrowed. Homes under $400,000 continue to move fastest. The $500,000–$750,000 range is sitting longest and benefits most from a sharper listing strategy and accurate initial pricing.

JS
About this report: Compiled by James Shive, REALTOR® and Associate Broker with Shive Real Estate Group at Keller Williams Albuquerque, ranked among Real Trends' Top 100 REALTORS® in New Mexico with 265+ transactions and $85M+ in career sales. James specializes in Rio Rancho, Albuquerque, and Santa Fe, with particular depth in the Loma Colorado community.

Methodology: Figures are drawn from MLS listing and closing records for Bernalillo and Sandoval counties, covering closed sales from March 10 through September 4, 2026, plus current active and pending listings as of September 6, 2026. Median figures are used throughout to reduce the effect of outlier luxury sales. This report will be updated periodically as new closing data becomes available.
Common Questions

Frequently Asked Questions

Is Albuquerque a buyer's market or a seller's market right now?
Seller's market — about 2.7 months of supply, well under the 5–6 month threshold for a balanced market.
What is the median home price in Albuquerque and Rio Rancho right now?
$375,000–$385,000 median closing price, and $215–$220 per square foot, based on closings from March–August 2026.
Are home prices dropping in Albuquerque?
No — prices have been flat for six straight months, not falling.
How many days does it take to sell a home in Albuquerque?
Median days on market rose from 13 days in May/June 2026 to 19 days in August 2026.
How many home sellers in Albuquerque are cutting their asking price?
Just over 50% of active listings had taken a price cut as of September 2026, with a median reduction of about 4.2%.

Want the Numbers for Your Street?

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James Shive · Shive Real Estate Group · Keller Williams · Rio Rancho, NM